As Congress considers a $700 billion bailout for Wall Street and the banking sector, there are calls to restrict the pay and severance packages for CEOs at investment houses, banks and mortgage lenders poised to be benefit from the plan put forward by U.S. Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke.Executives from some of the major investment and commercial banks involved in the financial upheaval and bailout earned hefty paychecks last year, according to proxy statements outlining their salaries, bonuses and stock options:Lehman Brothers Chairman and CEO Richard Fuld Jr. made $34 million in 2007. Lehman (OTC: LEHMQ) filed for Chapter 11 bankruptcy protection earlier this month.Goldman Sachs (NYSE: GS), which Sunday gained Federal Reserve Bank approval to become a bank holding company, paid its chairman and CEO, Lloyd Blankfein, $70 million last year. Co-Chief Operating Officers Gary Cohn and Jon Winkereid were paid $72.5 million and $71 million,...
BusinessCEOs Pay Higher in '07 Despite Cloudy EconomyCEOs Pay Higher in '07 Despite Cloudy EconomyThe Associated PressAs the American economy slowed to a crawl and stockholders watched...
As Congress considers a $700 billion bailout for Wall Street and the banking sector, there are calls to restrict the pay and severance packages for CEOs at investment houses, banks and mortgage...
http://www.EmploymentCrossing.com ERP vendor Epicor says it is cutting jobs as part of a plan to save $16 million to $20 million a year. This follows unconfirmed reports of layoffs at the Irvine,...
http://www.WealthSuperSystem.com The deal to rescue Bear Stearns, done at the behest of the Federal Reserve and the U.S. Treasury Department, represents the stunning downfall of one of Wall...
Squawkbox market analysis with Danielle Morellino from Thomson FinancialTranscript:Welcome to this week's Thomson Squawk Box On the Radar Report. I'm Danielle Morellino.Our Thomson Squawk...
Stock market Crash of 2008: The Dow Jones and S&P 500 have made a major bottom on October 10th and should rally strongly for several weeks before the main bear market trend resumes and the...
Squawkbox market analysis with Danielle Morellino from Thomson FinancialTranscript:Welcome to the Thomson Squawk Box On the Radar Report. I'm Danielle Morellino.Chicago-based Private Bancorp...
Welcome to The Daily Stock Report...brought to you by QualityStocks.net, where performance is tracked daily. I'm Cathy Rankin, and for Monday June 16th we're bringing you the latest...
Internet Advertising Weekly Review: Sept 19, 2008 The stock market is crashing and it looks like we are smack dab in the middle of a financial crisis. The stock market collapsed this week, fueled...